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Multibagger Update: These SME stocks gained up to 168 per cent in August; do you hold any?
Armaan Madhani
/ Categories: Trending, Multibaggers

Multibagger Update: These SME stocks gained up to 168 per cent in August; do you hold any?

In August 2022, BSE Midcap and Smallcap indices picked up steam and regained their lost mojo by soaring 4.15 per cent and 4.50 per cent, respectively. 

The month of August was nothing short of a tumultuous roller coaster ride for Indian equity markets. Despite the capricious conditions, headline indices Nifty 50 and Sensex managed to end the month in the green territory with gains of 1.25 per cent and 1.08 per cent, respectively. 

In August 2022, BSE Midcap and Smallcap indices picked up steam and regained their lost mojo by soaring 4.15 per cent and 4.50 per cent, respectively. 

Nupur Recyclers, Inflame Appliances, Kotyark Industries, Gensol Engineering, Jayant Infratech and Krishna Defence and Allied Industries were among the star outperformers that frequently locked at 5 and 10 per cent upper circuit on several trading sessions during the month. 

Below is the list of top-performing SME stocks in August 2022. 

Company Name Sector Latest Market Cap (Rs Crore) Returns for August 2022 (%)
Goblin India Ltd Trading 60.21 168.14
Acrow India Ltd Capital Goods 30.93 152.24
Jayant Infratech Ltd Infrastructure 140.65 152.15
Ambar Protein Industries Ltd FMCG 183.31 152.02
Shri Gang Industries & Allied Products Ltd FMCG 412.12 151.89
Baroda Rayon Corporation Ltd Textile 167.02 150.52
ABC Gas (International) Ltd Non - Ferrous Metals 25.02 149.95
Advait Infratech Ltd Capital Goods 254.46 149.79
Southern Magnesium & Chemicals Ltd Non - Ferrous Metals 18.97 149.51
NIBE Ltd Textile 294.85 148.35
Pressure Sensitive Systems (India) Ltd Plastic Products 110.46 147.34
Colorchips New Media Ltd Media & Entertainment 193.74 147.07
Nutricircle Ltd Textile 3.9 139.52
Quantum Digital Vision (India) Ltd Media & Entertainment 4.93 138.82
Jindal Leasefin Ltd Finance 18.05 133.92
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